🇭🇰 DBS Hong Kong Completes E-HKD Pilot 🇭🇰

DBS Hong Kong has successfully completed phase 2 of the HKMA's central bank digital currency (CBDC) pilot, the 'e-Hong Kong Dollar+' project.

Key Takeaways:

• Exploring Innovation: The pilot focused on leveraging tokenization and programmable money to enhance digital fiat applications.

• Purpose-Bound Money: The test utilized Purpose-Bound Money (PBM) technology to set specific conditions for spending digital currency.

• Future Applications: This technology can be extended to various uses, including reward programs, supply chain payments, and enhanced financial management.

This pilot demonstrates significant progress in exploring the future of digital finance and how central bank digital currencies can integrate with modern banking services.

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